Understanding Key Drivers and Growth Opportunities in the Mortuary Equipment Market: Trends and Market Size Insights
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What Industry-Specific Factors Are Fueling the Growth of theMortuary Equipment Market?
The rise in mortality rates is driving the demand for mortuary equipment. As death rates increase, the need for specialized equipment such as body bags and autopsy tables grows. In the United States, cancer-related deaths are projected to reach over 609,000 in 2022, further fueling the demand for mortuary equipment to manage the deceased.
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#What Are the Key Projections for the CAGR of the Mortuary Equipment Market From 2025 to 2034?
The mortuary equipment market has grown strongly in recent years. It will grow from $1.11 billion in 2024 to $1.2 billion in 2025, at a CAGR of 7.8%. The growth is due to factors such as healthcare infrastructure, population growth, the funeral industry, regulatory compliance, and natural disasters.
The mortuary equipment market is expected to grow at a rapid pace, reaching $1.86 billion by 2029 at a CAGR of 11.7%. The growth is driven by an aging population, military and law enforcement needs, cremation services, cultural diversity, and pandemic preparedness. Major trends include green burial practices, digital records and management, remote autopsies, sustainable practices, and smart mortuary equipment.
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What Key Market Trends and Innovations Are Shaping the Future of theMortuary Equipment Industry?
Leading companies in the mortuary equipment market are forming strategic partnerships to launch family funeral insurance products. These partnerships involve companies combining their strengths and resources for mutual success. For example, in April 2023, Letshego Lesotho, an African financial services provider, teamed up with Alliance Insurance Company from the US to introduce the affordable ‘Sekhele Funeral Plan’ in Lesotho. This plan offers basic funeral insurance in Bronze, Silver, Gold, and Platinum categories, with premiums ranging from M41 to M103 for individual plans and M56 to M188 for family plans, offering compensation of up to M100,000.
Which Companies Are Leading the Charge in Expanding theMortuary Equipment Market Growth?
Major companies operating in the mortuary equipment market include Ferno-Washington Inc., Flexmort, LEEC Limited, Mortech Manufacturing Company Inc., Kugel Medical GmbH & Co. KG, EIHF Isofroid, Hygeco, S.M. Scientific Instruments Pvt. Ltd., Mopec Inc., Barber of Sheffield Ltd., C.F. di Ciro Fiocchetti & C. s.n.c., Mortuary Lift Company, Funeralia GmbH, Span Surgical Co., Thalheimer Kühlung GmbH & Co. KG, Roftek Ltd., Thermo Fisher Scientific Inc., Hickey & Co., SOVA Motion, Shandon Inc., Mortuary & Cemetery Supply Co., Jiangsu Saikang Medical Equipment Co. Ltd., American Crematory Equipment Co., B&L Cremation Systems Inc., C.F. Weber Co. Inc., Coldspring, Crescent Memorial, Custom Air Trays, DFW Europe, Eckels, Funeral Source One, GEM Scientific Inc.
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How is the Global Mortuary Equipment Market Segemented?
The mortuary equipment market covered in this report is segmented –
1) By Product Type: Refrigerators And Freezers, Autopsy And Dissection Tables, Cadaver Lifts, Cadaver Trolleys, Other Types
2) By Application: Manual, Automated
3) By End User: Hospitals, Academic Institutions, Research Organizations, Forensic Laboratories, Other End-Users
Subsegments:
1) By Refrigerators And Freezers: Single-Door Refrigerators, Double-Door Refrigerators, Freezers
2) By Autopsy and Dissection Tables: Hydraulic Autopsy Tables, Fixed Autopsy Tables, Dissection Tables
3) By Cadaver Lifts: Hydraulic Cadaver Lifts, Electric Cadaver Lifts
4) By Cadaver Trolleys: Manual Cadaver Trolleys, Electric Cadaver Trolleys
5) By Other Types: Embalming Machines, Storage Cabinets, Body Bags And Accessories
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Which Geographics are Influencing the Growth of the Mortuary Equipment Market?
North America was the largest region in the mortuary equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mortuary equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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